AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI
AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI
AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI
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Agri-Services segment<br />
Revenue (R’m)<br />
Profit before tax (R’m)<br />
Retail & Equipment<br />
Grain Management<br />
1 809<br />
Retail & Equipment Grain Management<br />
194<br />
184<br />
168<br />
153<br />
99<br />
4 216<br />
365<br />
3 642<br />
587 492<br />
3 277<br />
1 626<br />
1 486<br />
16<br />
396 492<br />
2 274<br />
80<br />
129<br />
98<br />
26<br />
-11<br />
69<br />
2008 2009 2010 2011 2012<br />
2008 2009 2010 2011 2012<br />
Audited (R’m) Retail & Equipment Grain Management<br />
2012 2011 2012 2011<br />
Operating profit 115 * 45 * 220 175<br />
Operating profit margin 2.8% * 1.5% * 44.7% 44.2%<br />
Profit/(loss) before finance costs 122 * 45 * 221 176<br />
Net finance costs -37 * -31 * -27 -8<br />
Assets 2 039 1 406 1 094 961<br />
Liabilities 708 458 424 406<br />
(*) Including discontinued operations<br />
23<br />
Financial Services - overview<br />
GroCapital<br />
Focus on corporate market and <strong>AFGRI</strong> | Land Bank<br />
- Financial products<br />
- Treasury<br />
SAFEX broking unit | structured & corporate finance | trade finance<br />
balance sheet management<br />
Internal focus on <strong>AFGRI</strong><br />
Unigro<br />
- Farmer Lending<br />
- Insurance<br />
Focus on farmers | Land Bank<br />
Originate farmer finance | R2.2m lent per season | product tailored<br />
to agriculture<br />
Products tailored to agriculture| short-term insurance | commercial,<br />
industrial, agri insurance | personal lines | crop insurance | credit<br />
life insurance<br />
GroCat<br />
Commodity JV with Macsteel International | act as principle taking<br />
only credit risk on the back of credit insurance (CGIC)<br />
24<br />
page 27<br />
Audited condensed consolidated financial results for the year ended 30 June 2012 and cash dividend declaration
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